Ab Relative Correlations

Mutual Funds . USA . 
Fund . Ab Relative Value
CBBYX Fund  USD 7.43  0.01  0.13%   
The current 90-days correlation between Ab Relative Value and Ms Global Fixed is 0.08 (i.e., Significant diversification). The correlation of Ab Relative is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Ab Relative Correlation With Market

Almost no diversification

The correlation between Ab Relative Value and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Relative Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ab Relative Value. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with CBBYX Mutual Fund

  0.9SCAVX Ab Small CapPairCorr
  0.96SCCVX Ab Small CapPairCorr
  0.91SCRSX Small Cap CorePairCorr
  0.91SCRYX Small Cap CorePairCorr
  0.95SCRZX Small Cap CorePairCorr
  0.9SCYVX Ab Small CapPairCorr
  0.9APGZX Ab Large CapPairCorr
  0.9APGYX Ab Large CapPairCorr
  0.9APGAX Ab Large CapPairCorr
  0.9APGCX Ab Large CapPairCorr
  0.94CHCIX Ab Discovery GrowthPairCorr
  0.94CHCCX Ab Discovery GrowthPairCorr
  0.94CHCYX Ab Discovery GrowthPairCorr

Moving against CBBYX Mutual Fund

  0.7STHAX Ab Sustainable ThematicPairCorr
  0.69ANAGX Ab Global BondPairCorr
  0.69ANACX Ab Global BondPairCorr
  0.68STHYX Ab Sustainable ThematicPairCorr
  0.67ANAZX Ab Global BondPairCorr
  0.67ANAYX Ab Global BondPairCorr
  0.51ANJCX Ab New JerseyPairCorr
  0.51ANYCX Ab New YorkPairCorr
  0.49AOHCX Ab Ohio PortfolioPairCorr
  0.46ANJAX Ab New JerseyPairCorr
  0.45AOHAX Ab Ohio PortfolioPairCorr
  0.43ANBIX Ab Bond InflationPairCorr
  0.36ANIYX New York MunicipalPairCorr
  0.31APACX Ab Pennsylvania PortfolioPairCorr
  0.51ARECX Ab Global RealPairCorr
  0.5AREAX Ab Global RealPairCorr
  0.5ARRRX Ab Global RealPairCorr
  0.49ARSYX Ab Global RealPairCorr
  0.47ARIIX Ab Global RealPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between CBBYX Mutual Fund performing well and Ab Relative Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ab Relative's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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